I want to get jones and this is a Business Asia welcome to the u. S. China trade war is taking its toll on global stock market shares are heading south from asia to europe this is beijing gets ready to ramp up retaliation to u. S. Measures blacklisting some quote unreliable foreign firms and hiking tariffs on a range of u. S. Goods starting on june the 1st u. S. Time so where are we up to in this conflict now so far the u. S. Has imposed tariffs on chinese goods worth 250000000000. 00 thats almost half of the goods china sold to the u. S. In 2018 now beijing retaliated by imposing tariffs on 110000000000 Dollars Worth of u. S. Goods entering china and thats almost as much as all of us exports to china in 2018 hours washington keeps up the pressure threatening to raise more tariffs on chinese Goods Beijing has responded by threatening to stop supplies of rare metals crucial for many high take items now meanwhile on the u. S. Doorstep the president on a trump has said he will levy a 5 pe
also translate into economic measures now only of course we see the united states there in trade conflicts with mexico with china of course what s europe the financial world and europe making of all this. well what clever just said the economical trade issue morphing into the political that really raised eyebrows here it s kind of a new dimension and condiments to talk to says that will probably stay that way it will probably stay true trumps policy until the economy goes downhill and perhaps the market as well weathered and you can rescue those things so to speak with a deal in time for the presidential election 2020 but it truly put the markets into a shock mode chairs tumbling chairs like volkswagen unfit for ice or automakers likely to be affected by this kind of policy between 4 and 5 percent in the red and perhaps losses not being greater than that because people immediately suspect that